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Do Hedge Funds Love Harsco Corporation (HSC)?

We can judge whether Harsco Corporation (NYSE:HSC) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, research shows that these picks historically outperformed the market when we factor in known risk factors.

Harsco Corporation (NYSE:HSC) has experienced an increase in enthusiasm from smart money of late. At the end of this article we will also compare HSC to other stocks including Retrophin Inc (NASDAQ:RTRX), Accelerate Diagnostics Inc (NASDAQ:AXDX), and National Bank Holdings Corp (NYSE:NBHC) to get a better sense of its popularity.

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Keeping this in mind, we’re going to check out the recent action regarding Harsco Corporation (NYSE:HSC).

How are hedge funds trading Harsco Corporation (NYSE:HSC)?

At Q3’s end, a total of 17 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 70% from the second quarter. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Joe Huber’s Huber Capital Management has the most valuable position in Harsco Corporation (NYSE:HSC), worth close to $31 million, corresponding to 1.1% of its total 13F portfolio. The second most bullish fund manager is Peter Schliemann of Rutabaga Capital Management, with a $18.8 million position; 2.3% of its 13F portfolio is allocated to the company. Other professional money managers that hold long positions contain Ken Griffin’s Citadel Investment Group, Israel Englander’s Millennium Management and Cliff Asness’ AQR Capital Management.